Softcat (LON:SCT – Get Free Report)‘s stock had its “hold” rating reaffirmed by analysts at Berenberg Bank in a research note issued to investors on Monday, Digital Look reports. They currently have a GBX 1,600 ($20.77) price target on the stock. Berenberg Bank’s price target suggests a potential downside of 8.20% from the stock’s current price.
Several other equities analysts have also commented on SCT. Jefferies Financial Group lowered shares of Softcat to an “underperform” rating and lowered their price target for the stock from GBX 1,950 ($25.32) to GBX 1,490 ($19.35) in a research report on Friday, July 5th. Shore Capital restated a “buy” rating on shares of Softcat in a report on Thursday. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 1,250 ($16.23) target price on shares of Softcat in a report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,474 ($19.14).
View Our Latest Stock Report on Softcat
Softcat Price Performance
Softcat Company Profile
Softcat plc operates as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, procures, designs, implements, and manages technology, such as software licensing, workplace technology, networking, security, and cloud and datacenter for businesses and public sector organizations.
Read More
- Five stocks we like better than Softcat
- What Investors Need to Know About Upcoming IPOs
- Inflation Risk Rising, Key Trades Investors Are Making Now
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- 3 Oil Stocks to Watch Before Earnings Come Out
- What Are the U.K. Market Holidays? How to Invest and Trade
- Is American Express Stock’s Sell-the-News Reaction a Buying Opp?
Receive News & Ratings for Softcat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Softcat and related companies with MarketBeat.com's FREE daily email newsletter.